Shared Ownership
This superb modern home is available to buy from as little as £126,000 with a 35% share!
This well-presented three-bedroom home offers a practical and comfortable layout, ideal for families, first-time buyers or those looking to upsize.
The ground floor features a spacious living and dining area with a bright, open feel, providing an excellent space for both relaxing and entertaining. The adjoining kitchen is thoughtfully arranged with good storage and workspace, while a convenient downstairs cloakroom adds to the home’s functionality.
Upstairs, the property comprises three well-proportioned bedrooms, offering flexibility for family living, guest accommodation or a home office. A family bathroom serves the first floor.
Externally, the property benefits from a private rear garden, perfect for outdoor dining, gardening or enjoying time with family and friends. To the front, there are two allocated parking spaces, ensuring ease and convenience for homeowners and visitors alike.
Situated in a popular residential location, the property is well placed for local amenities, schools and transport links, making it a superb all-round choice for a variety of buyers.
PRICING & AFFORDABILITY
Full Market Value: £360,000
35% Share Price: £126,000 (rent £585.93 pcm)
Minimum 5% Mortgage Deposit (% share): £6,300
Approximate Service Charges: £46.84 pcm*
Lease: 987 years
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £360,000 and a purchaser would not need to meet the eligibility criteria listed above.
